First National Trust Co. increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,052 shares of the insurance provider’s stock after buying an additional 487 shares during the period. First National Trust Co.’s holdings in The Travelers Companies were worth $4,173,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRV. BlackRock Inc. increased its stake in shares of The Travelers Companies by 2,395.6% during the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares during the period. Balyasny Asset Management LLC increased its stake in shares of The Travelers Companies by 2,272.4% during the second quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after buying an additional 1,409,121 shares during the period. FIL Ltd purchased a new stake in shares of The Travelers Companies during the second quarter worth approximately $161,641,000. Janus Henderson Group PLC increased its stake in shares of The Travelers Companies by 3,559.7% during the second quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock worth $165,178,000 after buying an additional 1,269,774 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of The Travelers Companies by 2,264.8% during the second quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock worth $114,097,000 after buying an additional 863,607 shares during the period. Hedge funds and other institutional investors own 77.63% of the company’s stock.

The Travelers Companies, Inc. (NYSE TRV) traded up $1.01 during mid-day trading on Monday, hitting $135.54. The stock had a trading volume of 2,107,100 shares, compared to its average volume of 1,481,086. The firm has a market capitalization of $36,510.00, a P/E ratio of 16.55, a P/E/G ratio of 2.50 and a beta of 1.26. The Travelers Companies, Inc. has a 1-year low of $109.10 and a 1-year high of $135.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The Travelers Companies’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.40 earnings per share. equities research analysts expect that The Travelers Companies, Inc. will post 7.23 EPS for the current fiscal year.

The Travelers Companies announced that its Board of Directors has authorized a stock buyback program on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s payout ratio is currently 33.29%.

A number of research firms recently weighed in on TRV. Zacks Investment Research lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Barclays PLC upped their target price on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. BidaskClub lowered shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. MKM Partners restated a “neutral” rating and set a $130.00 target price (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Finally, UBS AG cut their target price on shares of The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 19th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $128.54.

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The Travelers Companies Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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